Go Daday Pulls Its Ipo Filing!
Go Daddy pulls its IPO filing! Why I decided to pull it.
Tuesday, August 8, 2006
At 2 PM today (Tuesday, August 8, 2006) I announced at a meeting broadcast to Go Daddy's 1200+ employees that The Go Daddy Group was officially withdrawing its registration with the SEC to become a public company.
We just finished our best quarter - ever!
This decision comes after the best quarter in the company's history. During the 2nd quarter The Go Daddy Group Inc. had GAAP revenue of $56,985,000, a net accounting loss of $733,000 andpositive cash flow from operations of $14,240,000.
This compares to the 2nd Qtr 2005 when our GAAP revenue was $31,082,000, and we had a net accounting loss of $3,389,000, and positive cash flow from operations was $6,871,000.
As I write this blog article, our revenue numbers for July and August continue on this positive trend.
The SEC just accepted our S-1 as ready-to-go!
This past Thursday we were notified by the SEC that our S-1 filing was now accepted and they had no further comments. This means we were cleared to go public at the time of our choosing.
Throughout the filing process, we have found the SEC to be good to work with. Their turn-around was quick and their comments to the point.
We just announced incredible growth numbers!
Last Tuesday, on July 29, we announced together with Jay Westerdal of Name Intelligence (a leading industry analyst group that tracks domain names), that The Go Daddy Group's domain name portfolio is not only number one in the domain industry with 14.6 million registrations, but is now more than double the size of its closest competitor.
To put Go Daddy's growth into perspective, consider that we passed the prior industry leader - The Network Solutions Group - on April 26, 2005, and in just 15 months we "lapped them" - we now have more than twice the registrations they do!
So thanks to all of our wonderful customers, about 1 in every 3 domain name registrations are now made with GoDaddy.com.
Tuesday, August 8, 2006
At 2 PM today (Tuesday, August 8, 2006) I announced at a meeting broadcast to Go Daddy's 1200+ employees that The Go Daddy Group was officially withdrawing its registration with the SEC to become a public company.
We just finished our best quarter - ever!
This decision comes after the best quarter in the company's history. During the 2nd quarter The Go Daddy Group Inc. had GAAP revenue of $56,985,000, a net accounting loss of $733,000 andpositive cash flow from operations of $14,240,000.
This compares to the 2nd Qtr 2005 when our GAAP revenue was $31,082,000, and we had a net accounting loss of $3,389,000, and positive cash flow from operations was $6,871,000.
As I write this blog article, our revenue numbers for July and August continue on this positive trend.
The SEC just accepted our S-1 as ready-to-go!
This past Thursday we were notified by the SEC that our S-1 filing was now accepted and they had no further comments. This means we were cleared to go public at the time of our choosing.
Throughout the filing process, we have found the SEC to be good to work with. Their turn-around was quick and their comments to the point.
We just announced incredible growth numbers!
Last Tuesday, on July 29, we announced together with Jay Westerdal of Name Intelligence (a leading industry analyst group that tracks domain names), that The Go Daddy Group's domain name portfolio is not only number one in the domain industry with 14.6 million registrations, but is now more than double the size of its closest competitor.
To put Go Daddy's growth into perspective, consider that we passed the prior industry leader - The Network Solutions Group - on April 26, 2005, and in just 15 months we "lapped them" - we now have more than twice the registrations they do!
So thanks to all of our wonderful customers, about 1 in every 3 domain name registrations are now made with GoDaddy.com.